If the holiday season wasn't busy enough, here's another item for your to-do list: spend your 2012 flexible spending account dollars by Dec. 31.
All 2012 flexible spending account (FSA) expenses for health and dependent care must be incurred by Dec. 31. If you miss the Dec. 31 deadline, you'll lose any unclaimed money that was deducted from your paycheck to cover qualified expenses in 2012, according to Internal Revenue Service rules and ISU policies.
FSAs provide employees the opportunity to reimburse health care or dependent care expenses with pre-tax dollars. More information on flexible spending accounts is available in the benefits section of the human resource services website.